“When Volcker looks around now, he sees ‘a hell of a mess in every direction,’ including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a ‘swamp’ in Washington run by plutocrats.”
USAGOLD note: Volcker has always been known for speaking his mind plainly and usually with deep insight. In that single sentence, though, he seems to have outdone himself… .and pretty much summed things up.
Image by European People’s Party (EPP Congress Bonn) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons [Edited]
Repost from 10-24-2018
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